All articles by Verdict Staff
Verdict Staff
Wells Fargo names Tim Sloan as president and COO
Wells Fargo & Company has appointed Timothy Sloan as new president and chief operating officer to oversee business operations.
Swiss private bank Maerki Baumann reaches deal with US to settle tax evasion case
Swiss private bank Maerki Baumann & Co has reached resolution with the US Department of Justice (DoJ) over the tax evasion cases under the department’s Swiss bank programme.
Martin Currie to acquire $167m RIT PK Japan hedge fund
Martin Currie, an Edinburgh-based equity specialist and part of US-based Legg Mason, has agreed to purchase Cayman domiciled long-short hedge fund RIT PK Japan Fund, which has $167m in assets and is led by Paul Kirkby.
UBS to acquire Santanders private banking arm in Italy
Swiss banking giant UBS had agreed to acquire the private banking unit of the Spanish lender Banco Santander in Italy, which manages EUR2.7bn in assets.
BMO Global Asset Management names new sales head in Italy
BMO Global Asset Management has bolstered its distribution team in Italy by hiring Giampaolo Giannelli as new head of sales.
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Deutsche Bank awards application development contract to HCL Technologies
German banking giant Deutsche Bank has awarded an application development and maintenance contract to Indian IT services firm HCL Technologies. The financial details of the deal were not disclosed.
Porte Brown merges with Alliant Advisors
Porte Brown, a Chicago-based accounting and consulting firm, has acquired CPA firm Alliant Advisors, which has offices in Barrington, Huntley, Wauconda and Lake Geneva.
Banque Internationale à Luxembourg selects SunGard’s credit management solution
Private bank Banque Internationale à Luxembourg (BIL) has selected SunGard’s Ambit credit management solution to help drive digital banking strategy.
AGF Management buys ETF provider FFCM
Toronto-based AGF Management (AGF) has purchased majority of the equity of FFCM, a Boston-based ETF advisor and asset management firm.
Franklin Templeton Investments names new global ETFs head
American investment firm Franklin Templeton Investments has hired Patrick O’Connor as new head of global exchange traded funds (ETFs).